BTC exchange inflows have been dwindling lately, according to Axel Adler Jr., as mentioned in a post on X. Exchange inflow refers to the amount of Bitcoin deposited into wallets linked to centralized exchanges.

A rise in this metric indicates more coins moving to these platforms, typically for selling, which is a downside for the assets. Conversely, a low indicator suggests fewer deposits to exchanges, which could be positive for cryptocurrency prices. Currently, the Bitcoin inflow is at 20,000 BTC, the lowest since 2015, indicating a reduced desire to sell cryptocurrency.

This trend may be influenced by changes in investment strategies, such as the rise of exchange-traded funds (ETFs). Despite reaching highs of over $65,000, Bitcoin has settled around $63,100.